The objectives of the policy are to provide a boost to the economy through increased sales, reduce pollution because older vehicles are presumed to emit more toxic fumes and improve the fuel-efficiency of vehicles allowed on the roads.
Maruti Suzuki India on Monday said it has hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000.
In a regulatory filing, the company said the price change for Swift and all CNG variants is owing to an increase in various input costs.
“Increase in ex-showroom prices (Delhi) is up to Rs 15,000 on the above models. The new prices are effective from today, i.e. July 12, 2021,” it added.
Before the price hike, Swift was available at a price range of Rs 5.73 lakh to Rs 8.27 lakh (ex-showroom Delhi) across variants.
Maruti Suzuki sells CNG variants across its range of models, including Alto, Celerio, S-Presso, WagonR, Eeco and Ertiga, ranging from Rs 4.43 lakh to Rs 9.36 lakh.
In April this year, the company hiked most of its models, barring Celerio and Swift, by up to Rs 22,500 to partially offset the rise in input costs.